Pakistan still hopeful for $70bn in investments despite Middle East tensions

November 14, 2023 (MLN): Pakistan is working on plans to secure $70 billion in investments through Special Investment Facilitation Council (SIFC), Special Assistant to the Prime Minister Jahanzeb Khan stated.

He met with media representatives to discuss the current situation in the Middle East and its impact on Pakistan’s investments.

Jahanzeb Khan said that they are providing every possible facility to international investors.

He expressed concerns about the stability of the region and its effect on the ongoing investment phases with Saudi Arabia, the United Arab Emirates, and Qatar.

Jahanzeb Khan revealed that an investment tribunal is being established within SIFC to safeguard foreign investments.

He also clarified to the IMF that they would not offer any concessions to foreign investment companies.

Meanwhile, he expressed support for IMF's approach of transparency and accountability in investments.

Accordingly, he emphasized the commitment of the government to ensure the transparency of Saudi Arabia's investment in Reko Diq.

He further mentioned ongoing consultations with global advisors to ensure an accurate valuation of Reko Diq, ultimately benefiting shareholders.

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